Who's credit card company has announced to them that their interest rates will be dropping? What's that I hear? Silence? Why do credit card companies jump the gun to raise their rates when interest rates go up, yet work at a snail's pace to lower them when they go down?
The oil companies are the same way. When crude goes up, you see it at the pump within hours. When it goes down, they give this lame excuse about how they have gas in the system that was refined from the more expensive crude, and say the price will go down when it is used up.